The EU–Vietnam Free Trade Agreement (EVFTA) has set the scene for surging exports to the EU, resulting in an expansion in demand for logistics services that promises a better outlook for the industry and the Vietnamese market, heard a recent Hanoi talk show.

Vietnam’s logistics industry has yet to have its potential fully tapped, and the country needs timely solutions to meet the surging demand for logistics infrastructure.

VOV.VN - Several foreign media outlets have recently published articles highlighting the various prospects and numerous challenges to the logistics industry and smart rural areas in the country.

The explosion of online shopping and the increasing numbers of internet and smartphone users have contributed to market growth in Asia-Pacific, including Vietnam.

Vietnam’s logistics industry is developing strongly thanks to the growth of the e-commerce industry, according to Savills Vietnam.

The national flag carrier Vietnam Airlines has signed a strategic cooperation agreement with T&T Group and SHB Bank; and a Memorandum of Understanding (MoU) with T&Y SuperPortTM - a joint venture between T&T Group and YCH Group of Singapore.

Sea freight rates are expected to fall in the second half of 2022, but at a glacial pace, allowing transport firms to reap high profits for another six months, according to experts.

Tech is rapidly changing the e-logistics landscape, raising the need for Vietnam to increase the application of advanced technologies to develop an efficient logistics industry to grab opportunities arising from e-commerce.

VOV.VN - With the number of online shoppers nationwide exceeding 51 million, Vietnamese people are currently ranked second in terms of online shopping in Southeast Asia.

The rapid growth in e-commerce is driving an unprecedented increase in demand for logistics services, including express delivery services, according to industry insiders.